Which of the Following Statements About the Importance of Trade

question 150

Multiple Choice

Which of the following statements about the importance of trade to the U.S.economy is false?

• A)Since 1970,both exports and imports have steadily increased as a fraction of U.S.gross domestic product.
• B)Overall,about 20 percent of U.S.manufacturing jobs depend directly or indirectly on exports.
• C)The United States is the second largest exporter in the world.
• D)The U.S.economy is highly dependent on international trade for growth in its gross domestic product.